{"id":28489,"date":"2022-08-20T09:00:44","date_gmt":"2022-08-20T14:00:44","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=28489"},"modified":"2022-08-22T10:04:40","modified_gmt":"2022-08-22T15:04:40","slug":"finra-arbitration-claim-against-monoley-securities-brokers","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/finra-arbitration-claim-against-monoley-securities-brokers\/","title":{"rendered":"Moloney Securities Brokers Shane DeSherlia and Dale Timmerman Allegedly Unsuitably Recommended GWG L Bonds to Illinois Retirees"},"content":{"rendered":"<h2><span style=\"font-weight: 400;\">Brokerage Firm Allegedly Pursued Commissions over Customers&#8217; Best Interests<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Three Illinois retirees have filed a Financial Industry Regulatory Authority (FINRA) arbitration claim against Moloney Securities, pursuing up to six figures in damages for bond losses sustained in GWG Holdings L Bonds. The two brokers,<\/span><a href=\"https:\/\/link.edgepilot.com\/s\/5f65333e\/Jk4rwm9QaUKy7MhWuGHS3w?u=https:\/\/brokercheck.finra.org\/individual\/summary\/6800960\"> <span style=\"font-weight: 400;\">Shane Michael DeSherlia<\/span><\/a><span style=\"font-weight: 400;\"> and<\/span><a href=\"https:\/\/link.edgepilot.com\/s\/a27722a7\/ESNQOR9b70_OehLGvFQLAQ?u=https:\/\/brokercheck.finra.org\/individual\/summary\/2423919\"> <span style=\"font-weight: 400;\">Dale Erbin Timmerman<\/span><\/a><span style=\"font-weight: 400;\">, allegedly unsuitably recommended these risky junk bonds to the retirees. DeSherlia in Jerseyville, Illinois, is a registered investment adviser with Moloney Securities Asset Management, whereas Timmerman is associated with Timmerman &amp; Co. in Vandalia, Illinois.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Our professional L Bond investment loss attorneys at Shepherd Smith Edwards and Kantas (SSEK Law Firm at <\/span><a href=\"https:\/\/link.edgepilot.com\/s\/a35f167d\/JgL5bxHAmEOmnv-ob5iN5g?u=http:\/\/investorlawyrs.com\/\"><span style=\"font-weight: 400;\">investorlawyrs.com<\/span><\/a><span style=\"font-weight: 400;\">) represent these elderly investors in their FINRA arbitration claim against Moloney Securities. An arbitrator will preside over their case in Chicago.<\/span><\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/finra-arbitration-claim-against-monoley-securities-brokers\/\"  title=\"Continue Reading Moloney Securities Brokers Shane DeSherlia and Dale Timmerman Allegedly Unsuitably Recommended GWG L Bonds to Illinois Retirees\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Brokerage Firm Allegedly Pursued Commissions over Customers&#8217; Best Interests Three Illinois retirees have filed a Financial Industry Regulatory Authority (FINRA) arbitration claim against Moloney Securities, pursuing up to six figures in damages for bond losses sustained in GWG Holdings L Bonds. The two brokers, Shane Michael DeSherlia and Dale Erbin Timmerman, allegedly unsuitably recommended these [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":28491,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3762,3739],"tags":[4728,4422],"class_list":["post-28489","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-investigations","category-finra","tag-gwg-l-bond","tag-unsuitable-investment-recommendations"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Case Filed Against Moloney Securities Brokers for Unsuitability<\/title>\n<meta name=\"description\" content=\"Illinois-based retirees filed a FINRA arbitration claim against two Moloney Securities brokers. Learn more about the case at SSEK Law Firm.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/finra-arbitration-claim-against-monoley-securities-brokers\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Case Filed Against Moloney Securities Brokers for Unsuitability\" \/>\n<meta name=\"twitter:description\" content=\"Illinois-based retirees filed a FINRA arbitration claim against two Moloney Securities brokers. Learn more about the case at SSEK Law Firm.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2022\/08\/a-hand-on-the-table-alongside-a-Black-book.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Case Filed Against Moloney Securities Brokers for Unsuitability","description":"Illinois-based retirees filed a FINRA arbitration claim against two Moloney Securities brokers. 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